Investors see Manhattan as a safe haven

If you are a European investor worried about the security of your money at home, why not look for a bargain in Manhattan? Although house prices have risen sharply in the Big Apple in recent years, the strength of the Euro and the British pound, mean that a new two-bedroom flat costs significantly less than in London or Dublin. And while most of America's housing market is mired in the sub-prime mortgage crisis, New York has shown no sign of vulnerability - yet.